Tencent Music Entertainment (TCMEF) Common Equity (2016 - 2026)
Tencent Music Entertainment's (TCMEF) quarterly Common Equity came in at $11.9 billion in Q2 2026, down 0.9% year-over-year from $12.1 billion in Q2 2025, and up 6.86% quarter-over-quarter from $11.2 billion in Q1 2026.
Analysis
Tencent Music Entertainment (TCMEF) Common Equity (2016 - 2026) Analysis & Trends
Tencent Music Entertainment has disclosed Common Equity across 11 years of filings, most recently posting $11.9 billion for Q2 2026.
- In Q2 2026, Common Equity fell 0.9% year-over-year to $11.9 billion; the TTM figure through Jun 2026 stood at $11.9 billion (down 0.9% YoY), while the FY2025 annual figure was $11.9 billion, up 24.33% from the prior year.
- Common Equity came in at $11.9 billion for Q2 2026 at Tencent Music Entertainment, up from $11.2 billion in the prior quarter.
- In the past five years, Common Equity ranged from a high of $12.1 billion in Q2 2025 to a low of $6.8 billion in Q3 2022.
- Average Common Equity over 5 years is $9.1 billion, with a median of $8.4 billion recorded in 2024.
- Year-over-year, Common Equity declined 13.57% in 2022 and soared 39.36% in 2025.
- Over 5 years, Common Equity stood at $6.9 billion in 2022, then rose by 15.02% to $7.9 billion in 2023, then climbed by 22.18% to $9.7 billion in 2024, then gained by 20.63% to $11.7 billion in 2025, then increased by 2.05% to $11.9 billion in 2026.
- Per Business Quant data, the three most recent Common Equity figures were $11.9 billion in Q2 2026, $11.2 billion in Q1 2026, and $11.7 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 320.80 Bn | 311.67 Bn | 6.52 Bn | 30.15 Bn |
| 2 | Spotify Technology | 109.48 Bn | 98.57 Bn | 1.86 Bn | 9.75 Bn |
| 3 | Tencent Music Entertainment | 7.00 Bn | 3.91 Bn | 582.00 Mn | 11.95 Bn |
| 4 | Huya | 471.23 Mn | 110.97 Mn | 37.58 Mn | 681.22 Mn |
| 5 | iQIYI | 404.25 Mn | -66.65 Mn | 152.37 Mn | 1.85 Bn |
| 6 | FuboTV | 315.50 Mn | -136.91 Mn | 399.10 Mn | 275.49 Mn |
| 7 | Kaltura | 216.95 Mn | 185.65 Mn | 34.54 Mn | 1.69 Mn |
| 8 | CuriosityStream | 154.19 Mn | 105.79 Mn | 16.93 Mn | 41.46 Mn |
| 9 | LiveOne | 53.37 Mn | 44.71 Mn | 3.94 Mn | -13.68 Mn |
| 10 | Cineverse | 46.51 Mn | 42.19 Mn | 10.66 Mn | 40.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.95 Bn |
| Mar 31, 2026 | 11.18 Bn |
| Dec 31, 2025 | 11.71 Bn |
| Sep 30, 2025 | 12.00 Bn |
| Jun 30, 2025 | 12.06 Bn |
| Mar 31, 2025 | 10.36 Bn |
| Dec 31, 2024 | 9.71 Bn |
| Jun 30, 2024 | 8.65 Bn |
| Mar 31, 2024 | 8.41 Bn |
| Dec 31, 2023 | 7.94 Bn |
| Sep 30, 2023 | 7.56 Bn |
| Jun 30, 2023 | 7.55 Bn |
| Mar 31, 2023 | 7.58 Bn |
| Dec 31, 2022 | 6.91 Bn |
| Sep 30, 2022 | 6.79 Bn |
| Jun 30, 2022 | 7.21 Bn |
| Mar 31, 2022 | 7.76 Bn |
| Dec 31, 2021 | 7.99 Bn |
| Sep 30, 2021 | 7.86 Bn |
| Jun 30, 2021 | 8.11 Bn |